Jones Lang LaSalle, a real estate money management and service firm released its latest
global real estate capital report this week. It recorded global real estate investment of $682 billion in 2006, a surge of 38% over 2005, and nearly double 2003 volumes.
The U.S. remained the largest investment destination of cross-border transactions with 23% of the total global real estate transactions by value, followed by the United Kingdom (18%), Germany (18%) and France (8%).
In the U.S. , cross-border investment increased in nine of the nation's top 10 markets by volume in 2006, except in Los Angeles where economic recovery concerns linger. Manhattan experienced the largest yearly gains with total investment of $37.3 billion and, of that, cross-border investments more than tripled to $14.8 billion.
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